UBS Group AG Has $123.01 Million Position in Cincinnati Financial Corporation $CINF

UBS Group AG decreased its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 14.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 753,168 shares of the insurance provider’s stock after selling 123,663 shares during the period. UBS Group AG’s holdings in Cincinnati Financial were worth $123,007,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Cincinnati Financial by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 19,725,564 shares of the insurance provider’s stock valued at $3,221,579,000 after buying an additional 123,110 shares during the period. State Street Corp grew its holdings in shares of Cincinnati Financial by 0.3% in the 3rd quarter. State Street Corp now owns 8,542,265 shares of the insurance provider’s stock valued at $1,357,825,000 after buying an additional 26,475 shares during the period. Bank of America Corp DE grew its holdings in shares of Cincinnati Financial by 4.2% in the 2nd quarter. Bank of America Corp DE now owns 2,011,505 shares of the insurance provider’s stock valued at $299,553,000 after buying an additional 80,487 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Cincinnati Financial by 3.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,471,628 shares of the insurance provider’s stock valued at $232,643,000 after buying an additional 46,426 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its holdings in shares of Cincinnati Financial by 2.8% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 1,405,680 shares of the insurance provider’s stock valued at $222,238,000 after purchasing an additional 37,913 shares in the last quarter. Institutional investors and hedge funds own 65.24% of the company’s stock.

Cincinnati Financial Stock Down 0.9%

Shares of Cincinnati Financial stock opened at $162.05 on Friday. The business’s 50 day simple moving average is $162.69 and its 200 day simple moving average is $162.49. Cincinnati Financial Corporation has a 52-week low of $140.47 and a 52-week high of $174.27. The firm has a market cap of $25.07 billion, a PE ratio of 9.27, a P/E/G ratio of 3.62 and a beta of 0.59. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.28.

Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Monday, April 27th. The insurance provider reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.17. Cincinnati Financial had a return on equity of 10.57% and a net margin of 21.33%.The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same quarter last year, the firm earned ($0.24) EPS. Cincinnati Financial’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, analysts predict that Cincinnati Financial Corporation will post 8.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Weiss Ratings upgraded Cincinnati Financial from a “buy (b)” rating to a “buy (a-)” rating in a report on Tuesday, April 21st. Bank of America cut their price objective on Cincinnati Financial from $178.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Roth Mkm lifted their price objective on Cincinnati Financial from $175.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday. Keefe, Bruyette & Woods lifted their price objective on Cincinnati Financial from $190.00 to $191.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Wall Street Zen cut Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Sunday, February 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Cincinnati Financial presently has an average rating of “Buy” and an average price target of $178.75.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation (NASDAQ: CINF) is an insurance holding company headquartered in the Cincinnati area of Ohio that provides property and casualty insurance products and related services. Founded as part of the Cincinnati Insurance group, the company operates through a set of insurance subsidiaries to underwrite and service policies for both personal and commercial customers. Cincinnati Financial is publicly traded and emphasizes underwriting discipline and long-term relationships with its distribution partners and policyholders.

The company’s core business centers on property and casualty insurance, including homeowners, automobile, commercial casualty, commercial multi-peril, and specialty commercial coverages.